The automobile manufacturing and assembly industry has grown significantly over the past two years, but the ratio of local content in domestically assembled cars with up to nine seats is very low, ranging from 7% to 10%.

Malaysian Prime Minister Mahathir Mohamad on August 28 test drove a model of VinFast, a car manufactured by Vingroup.

Vietnam maintained its position as the world’s 4th largest motorcycle market despite a double-digit drop in June sale, according to motorcyclesdata.com website.

Asked about the import tariff on luxury cars from Europe after the EVFTA takes effect, the Ministry of Industry and Trade (MOIT) said the competitiveness of EU sourced cars would improve.

No matter whether businesses are powerful conglomerates or small companies, they all need a healthy playing field.

The Vietnamese electric motorbike market is seeing the participation of more and more domestic and foreign manufacturers.

VietNamNet Bridge - More automation manufacturers are entering the Vietnamese robot market, which as estimated by Universal Robots (UR) to have a value of $184.5 million by 2021.

VietNamNet Bridge - Electric motorbike are becoming more popular in Vietnam.

VietNamNet Bridge - Vingroup’s ‘tentacles’ have reached into many business fields and its brand is now everywhere, from apartments to education, from technology products to retail shops.

VietNamNet Bridge - While analysts say the motorbike market is becoming saturated, they believe the electric motorbike market segment has great potential.

VietNamNet Bridge - Experts say the Vietnamese car maker has included many outstanding features on its first models, which are being offered at incredibly low prices.

VinFast has caught attention from the public with its impressive presence at 2018 Paris Motor Show. Now it needs to choose a reasonable pricing strategy to conquer the home market.

VinFast’s first two car models, one sedan and one SUV, will have selling prices of no less than VND1 billion, similar to luxury models Mercedes-Benz, BMW, Audi and Lexus.

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VinFast factory will have 1,200 remote-controlled robots operating on nights and weekends. Vo Quang Hue, Vingroup Deputy CEO-Automotive, shared with local media some thoughts about VinFast amid the technology revolution 4.0

VietNamNet Bridge - Obtaining a large distribution network with 22 sale agents and a factory in Hanoi with 300 workers after the takeover of GM Vietnam, Vinfast has taken a big step in the automobile race. 

Vietnam has been building up its automobile industry for the last 20 years, but the number of automobiles assembled in Vietnam is far below that of Thailand, Indonesia, Malaysia and the Philippines.

VietNamNet Bridge - Vietnam’s dollar billionaires have become well known worldwide.

VietNamNet Bridge - 2017 was the year the government demonstrated strong determination to support the development of enterprises. 

Vietnam once put high hopes on automobile joint ventures, believing that foreign technologies would help develop the automobile industry. However, it now believes that it would be better not to rely on outsiders.